Are you a hospitality business owner in need of new or upgraded kitchen equipment? Commercial kitchen equipment finance might be the solution for you. This type of financing allows you to purchase the equipment you need and get it working for you in your new or established business without paying the full cost upfront.
Here's how it works: You borrow money and then use those funds to purchase the equipment you need. You then repay the loan with interest over a set period of time, with flexible payment options and terms to fit your business's cash flow.
With commercial kitchen equipment finance, you can invest in the equipment you need without draining your working capital. Upgrade your kitchen, increase efficiency and boost your revenue, all while enjoying competitive rates and flexible repayment terms. Let Whisk Finance help you find the perfect financing solution for your needs.
Investing in your kitchen equipment is a smart move that can pay off big time for your business. And with commercial kitchen equipment finance, you can do it without draining your working capital. Here are some benefits you can enjoy with commercial kitchen equipment finance:
✓ Start up and established businesses accepted
✓ Minimum or projected $150,000 gross annual turnover
Commercial kitchen equipment finance is a type of business loan that is specifically designed to help hospitality businesses purchase, upgrade or replace their kitchen equipment. With this type of financing, you can get the equipment you need without having to pay for it upfront.
You can finance a wide range of kitchen equipment and fit-out, such as ovens, refrigerators, dishwashers, mixers, grills, fryers, stainless steel and more. In general, any equipment that is essential to your business operations can be financed with this type of loan.
Repayment terms for commercial kitchen equipment finance can vary depending on the loan agreement. However, typically, the loan term ranges from one to five years, and you'll make regular payments (usually monthly) to pay off the loan plus interest.
The amount you can borrow with commercial kitchen equipment finance varies depending on your business's financial situation and the type of equipment you want to finance. The minimum loan amount is $10,000, and the maximum is up to $500,000. Generally, we will consider your credit score, business history and cash flow when determining how much you can borrow.
The approval process for commercial kitchen equipment finance can vary depending on the type of financing you're applying for. At Whisk Finance, we offer fast approval and funding within 24 hours, providing we have all of the client’s requested information. To expedite the process, make sure to have all the necessary documents and information ready when you apply.